Stocks to open higher on strong Chinese manufacturing

Click the chart for more premarket data.

NEW YORK (CNNMoney)

But the gains were fairly modest, as with about two weeks left until the end of the year, the gridlock in Washington is also at the forefront of investors' minds.

While many expect a last-minute compromise, the latest rhetoric from both sides suggests the talks are far from over.

Ahead of the opening bell, the government will release the November edition of the Consumer Price Index, its key measure of inflation. Data on November industrial production is also due Friday morning from the Federal Reserve.

U.S. stocks tumbled Thursday as uncertainty over the nation's fiscal policy trumped upbeat economic reports.

Shares of software firm Adobe Systems (ADBE) surged in premarket trading following quarterly earnings that beat expectations. Investors will also be watching UBS (UBS) after published reports indicated the bank faces a $1 billion Libor-related penalty.

Fear & Greed Index

European markets were mostly higher Friday, while Asian markets ended mixed. The Shanghai Composite was an outlier, adding a banner 4.3% on strong manufacturing data and talk that state-owned enterprises were planning share buybacks.

A new analysis by a United Nations agency stated if the U.S. falls off the cliff, some Asian countries could see growth decline by up to 2.2 percentage points, with particularly negative ramifications for export-based economies such as Singapore and Hong Kong.

GDP growth in China, now the world's second largest economy, could slow by nearly one percentage point in the worst-case scenario.

First Published: December 14, 2012: 5:14 AM ET

Anda sedang membaca artikel tentang

Stocks to open higher on strong Chinese manufacturing

Dengan url

https://ponselkuirit.blogspot.com/2012/12/stocks-to-open-higher-on-strong-chinese.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Stocks to open higher on strong Chinese manufacturing

namun jangan lupa untuk meletakkan link

Stocks to open higher on strong Chinese manufacturing

sebagai sumbernya